Carbacid Half-Year Profit Up by 70%
Listed food-grade carbon dioxide producer carbacid Investments has reported a 70 percent increase in the half year net profit to reach Kes 178.7 million from Kes 105.3 million posted in a similar period last year.
In results released this morning, the company posted a revenue increase of 16 percent to Kes 352.9 million. Similarly, interest income went up by 16 percent to reach Kes 92.7 million.
Total assets grew by 11 percent to Kes 3.66 Billion compared to Kes 3.31 Billion in the first half of 2019.